The physical therapy industry in the US is worth $33 billion

Statistic Info

Because the physical therapy industry is popular for various treatments, it’s no wonder why it’s worth around $33 billion. There are so many benefits to physical therapy as it helps millions around the world get the care they need.

Author: The Good Body

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Therapy & Rehabilitation

The physical therapy industry in the US is worth $33 billion

On average, physical therapy clinics get 101 to 200 patients per week.

The Quality category of MIPS is the most important one for Physical Therapists because for them it’s weighted at 85%

A foot for a prosthesis can be upwards of $6,000

More 2021 Stats

The COVID-19 pandemic and associated disruptions have strained health systems, with 25 million children missing out on vaccination in 2021

63% of adults use telehealth as a preventative service, prescription refill, or routine visit for a chronic illness

One model examining the financial impact of COVID-19 on U.S. primary care practices estimates that $15.1 billion is needed to neutralize revenue losses nationally

The average doctor spends about 15.6 hrs per week on paperwork, EHR documentation, reading clinical articles, & participating in professional associations

Healthcare providers report that many physicians were also affected by COVID-19, with 64% claiming that the pandemic made their burnout worse

IDC predicts that by 2023 nearly 2/3 (or more) of all patients will be able to access healthcare through a digital front end by 2023

More than one-third of patients (36.4 percent) have left a healthcare provider in the last two years

In a 2021 survey, 51% of patients prefer a digital connection for five key interactions

The AMA survey data show 49.1% of patient care physicians worked in physician-owned practices, down from 54% of physicians in the 2018 survey

Between 2021 and 2026, experts predict that the global pharmaceutical industry will grow at a compound annual growth rate of 7.41%